DESPITE the number of commercial premises available, “there are always opportunities for the wise” according to 1st Choice auctioneer and director, Simon Sheldy. He is handling the advertised mortgagee auction of a significant commercial property in Thompson Avenue, Cowes. He suggested that while there are a number of vacant premises for rent, the opportunity to actually own one in the Cowes business precinct is rare. It is a modern, medium to large building of approximately 538 square metres, able to accommodate a variety of businesses.
He is pitching the sale at four potential buyer groups – the new business seeking to establish itself; an existing business operator currently renting who would see the financial benefits of owning, either with a view to occupying immediately or sometime in the future; the prudent existing business operator who feels this property may hand a potential competitor a readymade opportunity to get established; and, finally, the straightforward investment buyer. While the property has a white goods and electrical retail history, formerly occupied by Retravision then by Betta Electrical, it is open to many uses.
The large floor area is adaptable and versatile with a rear roller door. There is a large showroom floor, a rear store office, two toilets, a shower, a couple of air conditioners and extensive lighting. “Someone will find this property an excellent buy because its prime location and generous floor area make it a rare buying opportunity in Cowes. “No doubt many commercial property and business owners will be interested in the outcome”. Shop 2, 144 Thompson Avenue is being auctioned on Saturday, August 17 at 1pm on site and may be viewed from noon until 12.30pm on Wednesdays and Saturdays preceding the sale.
For more details, contact 1st Choice Estate Agency, 127 Marine Parade, San Remo on 5678 5408.